Houston Principal John Sparacino was quoted in an article by Law360 titled, "Big Brands to Hit Bankruptcy In 2025 So Far." The article discusses a wave of big brand bankruptcies including Del Monte, Claire’s, Hooters, Joann, Forever 21, and Rite Aid. It highlights Del Monte's filing for Chapter 11 bankruptcy on July 1st, citing heavy debt load, rising interest rates, and cooling post-pandemic demand.
John comments on the impact of changes in consumer preferences and other pressures that companies have faced. In his discussion with Law360 he said, "lingering COVID-19 effects, including supply chain disruptions and operational missteps, have strained businesses, and that industry-specific challenges from tariff and policy changes have added further pressure across sectors from retail to renewable energy and manufacturing."
The full article can be found here.